Goods and Services Tax (GST) Calculator Online
What is GST?
Goods and Services Tax (GST) is an indirect tax imposed in India It is levied on the supply of goods and services. However, GST is a comprehensive, multi-stage, destination-based tax levied on every value addition. It came into effect on 1st July 2017 and replaced most indirect taxes in the country.
Under GST goods and services are divided into five distinct tax rates-
- 18% and
However, some products such as:
- Petroleum products,
- Alcoholic drinks, and
- Electricity is not taxed under GST.
These products are taxed separately by the (individual) state governments, as per the previous tax regime.
What is GST Calculator?
It is a handy compact ready to use an online calculator to compute the GST payable for month/quarter.
How to calculate GST?
- Fetch the variables as asked for the calculator.
- The GST amount will be displayed ASAP.
Advantages of using Gulaq GST calculator
- You can easily figure out the tax-amount you are paying.
- It is accurate & quick, thus, saving you valuable time.
- You are far away from any fraudulent activities that might arise due to wrong GST calculation.
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Mutual fund investments are subject to market risks, read all scheme documents carefully.